Al Rajhi Takaful inks credit risk insurance deal with Coface

Signing of the agreement

Al Rajhi Company for Cooperative Insurance (Al Rajhi Takaful) signed a strategic partnership agreement on credit risk insurance services with Coface for Trade.  

The Saudi insurer indicated that this agreement came in line with its vision to redefine the insurance concept in the Kingdom and to provide its clientele with innovative, high-quality and Shariah-compliant solutions.

Coface has over 75 years of experience in credit insurance, risk management and the global economy, and it seeks, through this partnership, to help boost the Saudi economy while promoting its business activities locally and globally.

The trade credit risk insurance is one of Coface’s solutions tailored for the Saudi market to help secure its trade activities against the risks of payment arrears. It further helps to eliminate debts and protect assets; protect sales-induced cash flows; boost credit risk management and bolster credit rating.